TheStreet cut shares of Rush Enterprises (NASDAQ:RUSHA) from a b- rating to a c+ rating in a research note issued to investors on Tuesday morning, TheStreetRatingsTable reports.
Several other equities research analysts have also commented on the stock. Buckingham Research cut their price target on shares of Rush Enterprises from $53.00 to $47.00 and set a buy rating for the company in a report on Friday, February 14th. Zacks Investment Research lowered shares of Rush Enterprises from a buy rating to a hold rating in a report on Thursday, February 20th. Stephens lowered their target price on shares of Rush Enterprises from $54.00 to $50.00 and set an overweight rating on the stock in a research note on Friday, February 14th. BidaskClub cut shares of Rush Enterprises from a hold rating to a sell rating in a research note on Tuesday, March 17th. Finally, ValuEngine raised shares of Rush Enterprises from a sell rating to a hold rating in a research note on Saturday, February 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Rush Enterprises currently has an average rating of Hold and an average price target of $49.00.
NASDAQ:RUSHA opened at $34.08 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.14 and a quick ratio of 0.26. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 0.80 and a beta of 1.25. The company has a 50 day moving average price of $38.82 and a 200-day moving average price of $42.29. Rush Enterprises has a 1-year low of $27.25 and a 1-year high of $49.27.
Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.33). The company had revenue of $1.32 billion during the quarter. Rush Enterprises had a return on equity of 12.60% and a net margin of 2.44%. On average, sell-side analysts anticipate that Rush Enterprises will post 2.62 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.52 annualized dividend and a yield of 1.53%. Rush Enterprises’s dividend payout ratio (DPR) is presently 13.79%.
In other news, COO Michael Mcroberts sold 9,499 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $42.09, for a total transaction of $399,812.91. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 12.43% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. State Street Corp boosted its position in shares of Rush Enterprises by 0.6% during the 3rd quarter. State Street Corp now owns 634,923 shares of the company’s stock valued at $24,495,000 after acquiring an additional 3,580 shares during the last quarter. FMR LLC raised its holdings in Rush Enterprises by 314.1% in the 4th quarter. FMR LLC now owns 400,079 shares of the company’s stock valued at $18,603,000 after buying an additional 303,464 shares during the period. Copper Rock Capital Partners LLC purchased a new stake in Rush Enterprises in the 4th quarter valued at about $17,910,000. Chartwell Investment Partners LLC raised its holdings in Rush Enterprises by 0.6% in the 4th quarter. Chartwell Investment Partners LLC now owns 375,069 shares of the company’s stock valued at $17,441,000 after buying an additional 2,250 shares during the period. Finally, Norges Bank purchased a new stake in Rush Enterprises in the 4th quarter valued at about $16,210,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.
Rush Enterprises Company Profile
Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, Mitsubishi Fuso, IC Bus, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.
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